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Fully Renovated in Fruitvale Neighborhood 4609 Bond St 28 Unit Apartment Building $5,918,390 CAD ($211,371 CAD/Unit) 7.10% Cap Rate Oakland, CA 94601
Investment Highlights
- 28-unit multifamily property with an efficient unit mix of 16 studios and 12 one-bedroom/one-bathroom units.
- Immediate cash flow with additional upside through below-market rents and continued rental growth.
- Strong rental demand driven by proximity to Downtown Oakland, Jack London Square, Alameda, San Francisco, and numerous neighborhood retail and dining
- Extensively renovated asset featuring remodeled interiors, upgraded electrical subpanels, plumbing and roof improvements, seismic upgrades
- Prime Fruitvale location minutes from Fruitvale BART, International Boulevard, Interstate 580, and Interstate 880, providing convenient access through
- Well-maintained investment opportunity with significant completed capital improvements, reducing near-term capital expenditure requirements
Executive Summary
The Mitchell Warren Team is pleased to present 4609 Bond Street, a twenty-eight (28)-unit multifamily property located in Oakland's Fruitvale neighborhood. The approximately 15,464 square foot building features an attractive unit mix of sixteen (16) studio units and twelve (12) one-bedroom/one-bathroom units, providing broad tenant appeal and stable in-place income. A true turnkey investment, the property has undergone extensive capital improvements, including fully renovated interiors, upgraded electrical subpanels, plumbing and roof improvements, seismic upgrades, a new water heater, and a solar water heating system that enhances operating efficiency. The asset offers immediate cash flow with additional upside through below-market rents and continued rental growth. With its desirable unit mix, extensive upgrades, and long-term upside, 4609 Bond Street presents a compelling investment opportunity in one of Oakland's most established rental markets.
The property is situated in Oakland’s Fruitvale neighborhood, just north of International Boulevard and minutes from Fruitvale BART, providing residents with convenient access to Downtown Oakland, San Francisco, and the greater Bay Area. The property benefits from immediate proximity to Foothill Boulevard, Interstate 580, and Interstate 880, allowing for excellent regional connectivity. Residents enjoy easy access to neighborhood restaurants, grocery stores, retail services, parks, and the vibrant Fruitvale commercial district, while nearby employment centers in Downtown Oakland, Jack London Square, Alameda, and San Francisco support strong rental demand. With continued public and private investment throughout East Oakland and excellent transportation options, the area remains an attractive location for renters seeking affordability and convenience.
The property is situated in Oakland’s Fruitvale neighborhood, just north of International Boulevard and minutes from Fruitvale BART, providing residents with convenient access to Downtown Oakland, San Francisco, and the greater Bay Area. The property benefits from immediate proximity to Foothill Boulevard, Interstate 580, and Interstate 880, allowing for excellent regional connectivity. Residents enjoy easy access to neighborhood restaurants, grocery stores, retail services, parks, and the vibrant Fruitvale commercial district, while nearby employment centers in Downtown Oakland, Jack London Square, Alameda, and San Francisco support strong rental demand. With continued public and private investment throughout East Oakland and excellent transportation options, the area remains an attractive location for renters seeking affordability and convenience.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
- Private Bathroom
- Key Fob Entry
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,243 CAD | 527 - 641 |
| Studios | 16 | $1,721 CAD | 300 - 434 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 035-2359-001-00 | Improvements Assessment | $2,280,622 CAD |
| Land Assessment | $1,228,027 CAD | Total Assessment | $3,527,057 CAD |
Property Taxes
Parcel Number
035-2359-001-00
Land Assessment
$1,228,027 CAD
Improvements Assessment
$2,280,622 CAD
Total Assessment
$3,527,057 CAD
Contacts
-
Timothy Warren -
Randell Silva -
Kent Mitchell -
Adam Beeri -
NAI Northern California
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Fully Renovated in Fruitvale Neighborhood | 4609 Bond St
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